- IQ-EQ is an investor services firm
- The South Watch partners, Paul Timmins, Kirby Richards and David Loescher, will continue to lead the business
- South Watch was founded in 2016
IQ-EQ, a portfolio company of Astorg, has acquired South Watch LLC, a Canton, Massachusetts-based provider of fund administration, outsourced CFO support, and tax preparation services to hedge fund managers in the United States and Cayman Islands. The sellers include Everlane Equity Partners. No financial terms were disclosed.
IQ-EQ is an investor services firm.
On the deal, Mark Pesco, Group CEO at IQ-EQ said in a statement, “We’re delighted to welcome the South Watch team to the Group. Their reputation and expertise in hedge fund administration makes them the perfect addition to our U.S. business, further enhancing our comprehensive client offering. IQ-EQ’s team in the U.S. has grown to over 630 experts servicing an expanding client base across 14 offices nationally.”
The South Watch partners, Paul Timmins, Kirby Richards and David Loescher, will continue to lead the business. As part of IQ-EQ U.S., Paul Timmins takes on the role of head of product, liquid funds; Kirby Richards and David Loescher take on the roles of co-head of fund administration, liquid funds.
South Watch was founded in 2016.